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523(a)(16) Tag

Bankruptcy – Wipe Out Debt Owed on Timeshares

Filing bankruptcy to wipe out debt owed on timeshares can be tricky. Eliminating the mortgage owed on a timeshare in bankruptcy is not a problem.  The problem is the maintenance fees which can be extremely high in some cases.I meet with clients all the time from Rome, Dalton, Calhoun, Dallas, Douglasville, Hiram and Cartersville Georgia who got suckered into some timeshare deal.  The scam usually starts with a "free" vacation.  You go stay for a week free in paradise in exchange for listening to a high powered sales pitch from professional sharks.  Many people yield to the pressure. ...

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